Alternative Energy

‘Funding hinders development of renewable energy’ – BOI/UNDP

Jun 18, 2013

Promoters of the Bank of Industry/United Nation’s Development Programme’s Access to Renewable Energy, AtRE, project, have cited lack of finance and funding as the major factor hindering the development of renewable energy in Nigeria. Speaking at a Bank of Industry, BOI, Forum in Lagos, Mr. Lawal Gada, Renewable Energy Manager/Acting Project Manager, BOI/UNDP AtRE Project,…

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Nigeria to leverage on Turkish expertise for new energy mix strategy – Nebo

Jun 17, 2013

The Minister of Power, Professor Chinedu Nebo, has said that Nigeria in its quest for new energy mix strategy would leverage on Turkish expertise in Thermal and Hydro power sources. The minister, who was represented by the Permanent Secretary, Ministry of Power, Amb Dr. Godknows Igali, said that Nigeria offers the best environment for business…

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FG declares importation of mining equipment duty free

Jun 12, 2013

Importation of equipment for mining of mineral deposits in the country is now duty free, the Minister of Mines and Steel Development, Mr. Musa Sada, has said. Sada said this at the Ministerial Platform, which featured his ministry in Abuja on Tuesday. He said it was one of the steps the Federal Government had taken…

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EIA estimates 345bn barrels of shale oil worldwide

Jun 11, 2013

The US Energy Administration, EIA, has issued its first estimate of technically recoverable shale and tight oil worldwide, a sum of 345 billion barrels. The agency also upped its projection of shale gas reserves to 7299 Trillion cubic feet, up 10% from 2011. The report covered 41 countries, 95 basins and 137 formations. The last…

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Shale Oil Rattles OPEC, may have significant implications for Nigeria in the future

Jun 10, 2013

There is, frequently, a debate on whether the world could, one day, find a replacement for sweat crude. What is, however, not disputable is that the discovery of streams of non-conventional fuel will have enormous impact on the demand for oil and gas and, perhaps, the price. Sooner than earlier expected, there is jittery over…

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